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A comment on U.S. Income Inequality Hits a New Threshold. Parent comment

Re:U.S. Income Inequality Hits a New Threshold by eanzenberg on Thursday March 01, 2018 @03:14PM (#16495780)
>> "Well maybe if you abolished drug patents innovatio could come from all over the world instead of the chilling effects we have today. Open source beats closed in the long run and Open source Drugs would beat big pharma in the long tail whose plight isn't even worth pursuing for these guys. Newton said he stood on the shoulders of giants, why is medicine different than science?"

Literally no new drugs would be produced if there was no guarantee of sole distributor for some X number of years. What country has "open source" drugs?

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Re:U.S. Income Inequality Hits a New Threshold by drb91 on Thursday March 01, 2018 @03:29PM (#16495927)
Seems like a great place to nationalize the means of production! Why not? Economic incentives are inherently at odds with helpful medicine. If it helps too much you can't make money off it!
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Re:U.S. Income Inequality Hits a New Threshold by marnett on Thursday March 01, 2018 @03:55PM (#16496240)
Modern day big-pharma would have shelved the polio vaccine in place of a daily pill one must take for the remainder of one's life.
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Re:U.S. Income Inequality Hits a New Threshold by eanzenberg on Thursday March 01, 2018 @05:37PM (#16497053)
Error, wrong, incorrect. Modern day big-pharma developed vaccines such as HPV. Current market forces incentivizes "best" treatment (heavily regulated of course as it should be). Don't spew false facts to try to push an agenda.
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Re:U.S. Income Inequality Hits a New Threshold by marnett on Friday March 02, 2018 @01:07PM (#16504124)
> Modern day big-pharma

the polio vaccine was released in 1955. My thought experiment literally cannot be "error, wrong, incorrect."

I'll solidify my thought experiment to Valeant. Valeant would have bought the polio vaccine, hiked the price, and reported significant growth in returns while the disease was not being eliminated.

Not to mention your assumption a pharma company created the first polio vaccine is false - it was developed at the University of Pittsburgh School of Medicine with heavy backing by the U.S. government.

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